Thursday, July 8, 2010

Private banks profitable, but PSBs more efficient in ’09-10

Private vs Public Sector Banks in 2010

One more interesting and analytical article on banking dealing with private vs. public sector banks in India with analysis on their performance for the year ending March 2010.  IDBI Bank, Yes Bank and Axis Bank  (also ICICI Bank) deserve compliments for leading the table.  It is time for Public Sector Banks (particularly SBI, Bank of Baroda, et al) to tighten their belts towards profitability, even if they are more productive and efficient as per the report.  It is surprising that HDFC Bank is at the bottom of a table with data on eight banks.  What is all about their rankings among Best Banks in India carried out by some business magazines.  After all, it is a highly competitive world now.

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